May 30, 1989
John A. Doede has increased his stake in San Diego-based Crown Bancorp from 10.48% to 12.24%, or 79,727 common shares. Doede, who was given approval by the Federal Reserve Bank of San Francisco to acquire control of Crown, purchased 24,500 shares between May 16 and May 23 for from $4 to $4.75 each, or a total of $116,000, according to a filing with the Securities and Exchange Commission.
September 8, 1985
"Bram Goldsmith: Maverick Banker to Stars" (July 21) omits any mention of Jay Kasler, my father-in-law, who was the founder and first president and later the first chairman of City National Bank in 1954. His lifelong ambition was to own a family bank. He and I visited the Federal Reserve Bank in San Francisco in 1952 and were advised to start with a board representing various segments of the community in which we lived and not a family bank. After conferring with Justice Lester Wm. Roth, the City National Bank was founded with Kasler its chairman and Al Hart as President.
October 21, 1993 |
Regional Fed Bank Kills Report on Disclosure: The Federal Reserve Bank, facing pressure on Capitol Hill to open up its policies to greater scrutiny, quashed an article on a study that found little impact from quicker disclosure of its decisions. A spokeswoman at the St. Louis Fed cited "the timing of the (congressional) hearings and the sensitivity of the issue."
July 27, 2008
Re "Boom and bust: It's the American way," Opinion, July 20 Jane Kamensky's history of the first American banking collapse may be accurate, but she shows profound ignorance when she states that "we're better off than the first generation of over-leveraged Americans. We have a strong central bank." In fact, the Federal Reserve Bank is the problem, and for much the same reason that Andrew Dexter Jr.'s banks were the problem in 1809: There is no gold backing dollars printed since 1971, the year that the United States unilaterally went off the gold standard.
October 17, 2012 |
NEW YORK -- Federal agents Wednesday arrested a 21-year-old Bangladeshi man in Manhattan who authorities said planned to detonate what he thought was a massive bomb outside the New York Federal Reserve Bank building . The man, who was identified as Quazi Mohammad Reswanul Ahsan Nafis, claimed to have ties to Al Qaeda and was in New York trying to recruit people, according to a complaint. According to a statement released by the FBI, Nafis entered the United States on a student visa in January 2012 but his real purpose was to wage "jihad," or holy war. Unbeknownst to him, one of the people he tried to recruit was an FBI source, who met with Nafis several times through the summer and into the fall, the statement said.
April 28, 2010 |
President Obama plans to name Janet Yellen to serve as vice chairwoman of the Federal Reserve, where she would play a crucial role in shaping monetary policy for the nation's banking system. Yellen, 63, is a former member of the Fed's Board of Governors and has served as president and chief executive of the 12th District Federal Reserve Bank in San Francisco since 2004. She will be appointed Thursday, according to a source who requested anonymity in order to speak about the candidates in advance of the official announcement.